Economy News

Make in India booster: iPhone exports hit record about $10 billion in April-Sep

India's smartphone exports touch $13.4 billion in H1FY26 up 59 pc

In September alone, a threefold increase in smartphone exports to the US pushed total exports to $1.7 billion—the highest monthly growth recorded so far compared to FY25. The exports in September grew 87 per cent compared to $923 million exported in September 2024. 9 days ago
Banks to clear cheques on same day from Oct 4 over RBI guidelines

Banks to clear cheques on same day from Oct 4 over RBI guidelines

Cheques deposited from October 4 will be cleared within a few hours on the same day under the new system. Both banks have urged customers to keep adequate balances to prevent cheque bounce and to ensure all cheque details are accurately filled to avoid delays or rejections. 16 days ago
Govt asks e-commerce firms why prices went up despite GST cuts

Govt asks e-commerce firms why prices went up despite GST cuts

Consumer Affairs Secretary Nidhi Khare recently said the department received more than 3,000 complaints about companies not passing on the GST benefits to buyers. While speaking at an event, Khare mentioned that complaints are coming in every day, and the ministry is forwarding them to the Central Board of Indirect Taxes and Customs (CBIC) for further action. 17 days ago
Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Sensex, Nifty open in green ahead of RBI repo rate decision

The broad cap indices, Nifty Midcap 100 and Nifty Smallcap 100, inched up 0.52 and 0.29 per cent, respectively. Shriram Finance, Tech Mahindra, Trent and Tata Consumer Products were among the major gainers on the Nifty pack, while losers included Bajaj Finance, Interglobe Aviation, Bajaj Finserv and SBI Life Insurance. 18 days ago
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